Text of measure

Shall the Missouri Constitution be amended to limit the authority of the General Assembly and political subdivisions to generate revenue by removing their ability to tax tangible personal property and both real and personal property used exclusively for religious worship, schools, colleges, agricultural and horticultural societies, veterans' organizations, or purely charitable purposes?

Prohibiting the levy of tangible personal property taxes by local governments would eliminate or reduce funding for local governmental services, including public schools. State governmental services to the blind could lose funding. The estimated revenue reduction to state and local governmental entities could exceed $1.1 billion annually.

Path to the ballot

To qualify for the ballot, the initiative required signatures from registered voters equal to 5% of the total votes cast in the 2008 governor's election from six of the state's nine congressional districts. Signatures on behalf of all initiative petitions for the 2012 ballot were due to the secretary of state’s office by no later than 5 p.m. on May 6, 2012.